Category: Technial Analysis
• CADJPY reversed from resistance area • Likely to fall to support level 106.00 CADJPY currency pair recently reversed down from the resistance area lying between the resistance level 107.25 (previous monthly high from June) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the previous multi-impulse sequence made out […]
EURUSD, “Euro vs US Dollar” Having finished the descending wave at 1.0155, EURUSD is correcting up to 1.0222. After that, the instrument may fall to break 1.0140 and then continue moving within the downtrend with the short-term target at 1.0064. GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has completed the descending wave at 1.1953 […]
USDCHF, “US Dollar vs Swiss Franc” As we can see in the H4 chart, having rebounded from the support at 3/8, USDCHF is consolidating. In this case, the pair is expected to grow towards the resistance at 5/8. However, this scenario may be cancelled if the price breaks 3/8 to the downside. After that, the […]
Today, Thursday, July 21 (2022), Russian gas began flowing again to Europe as soon as maintenance operations were completed on Nord Stream 1 after an interruption of about 10 days. According to the data, Russia resumed pumping gas through the Nord Stream 1 pipeline early in the morning of Thursday, July 21 (2022), and this […]
Type: Bullish Rise Key Levels:Resistance: 871.0Pivot: 832.1Support: 806.9 Preferred Case:On the H4, with RSI moving along an ascending trendline and price breaking out of a descending channel , we have a bullish bias that price will rise from the pivot at 832.1 where the pullback support and 61.8% fibonacci retracement are to the 1st resistance […]
Type: Bullish Rise Key Levels:Resistance: 0.69555Pivot: 0.68620Support: 0.68100 Preferred Case:On the H4, with prices moving above the ichimoku indicator and breaking out of the descending channel , we have a bullish bias that price will rise from the pivot at 0.68620 where the overlap support is to the 1st resistance in line with swing high […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Shooting Star reversal pattern close to the resistance area. At the moment, EURUSD may reverse in the form of another descending impulse. In this case, the downside target may be at 1.0120. However, an alternative scenario implies […]
USDJPY, “US Dollar vs Japanese Yen” USDJPY is correcting within the bullish channel. The instrument is currently moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may re-test the cloud’s upside border at 137.60 and then resume moving upwards to reach 140.65. Another signal in favour of a […]
Type: Bearish Momentum Key Levels:Resistance: 4083.25Pivot: 3945.00Support: 3905.25 Preferred Case:On the H4, with price recently breaking the descending trend channel, we have a bullish bias that price will rise from the pivot at 3945.00 at the pullback swing high in line with the 78.6% fibonacci projection and 50% fibonacci retracement to the 1st resistance at […]
Netflix EPS Beat, Revenues Miss Netflix shares are trading higher ahead of the open today despite a bumpy set of second quarter earnings yesterday. Netflix came through with an EPS of $3.20, well above the $2.95 the market was looking for. However, revenues were seen lower than forecast at $7.97 billion vs $8.026 billion expected. […]